Colorado Sports Betting in 2024 – Latest Legal Updates & Best CO Online Sportsbooks

Colorado sports betting has evolved dramatically in recent years to reach its current position in offering sports bettors plenty of choice when wagering. Our article explores its rich landscape to offer a detailed overview of Colorado sports betting, along with the key legal updates, advice, and reviews of our list of top offshore betting sites.

Sports Betting in Colorado Overview

In Colorado, online sports betting is now fully legal. In this and the sections below, we analyze and highlight essential facts you should know before placing your first bet. The table below provides basic must-know details.

Is Online Sports Betting Legal in Colorado?

Yes, the state legislature has legalized online sports betting in Colorado. The state approved most forms of sports betting with the passing of House Bill 19-1327 in November 2019. This bill, approved by Colorado voters, decriminalized sports betting and allowed licensed Colorado casinos to offer sports betting services. The law took effect on May 1, 2020, making Colorado one of the first states to launch legal sports betting after the Professional and Amateur Sports Protection Act (PASPA) was declared unconstitutional by the U.S. Supreme Court in 2018.

Under HB 19-1327, sports betting is regulated by the Colorado Limited Gaming Control Commission, which oversees the licensing and operation of sportsbooks. The sports betting bill also introduced a tax on the net proceeds of sports betting, with revenues directed toward public purposes, including the state water plan.

In addition to online sports betting, Colorado allows other forms of gambling, including horse racing, pari-mutuel betting, fantasy sports, and retail casinos. The state has a robust regulatory framework to ensure compliance and player safety, with strict age restrictions and responsible gaming measures in place.

Colorado Sports Betting Timeline

The sports betting industry in Colorado has seen significant developments since its legalization. The timeline below highlights key dates and events leading up to and following the legalization of sports betting in Colorado.

2024: Colorado continues to expand its sports betting market, attracting new operators and partnerships.
2023: Proposition J.J. is introduced to remove the cap on sports betting tax revenue and allow the state to keep all collected taxes.
2022: Colorado introduces new licensing rules for sports betting operators, requiring more comprehensive financial assessments.
2020-2021: Several online sportsbooks launch, offering various betting options.
2020, May 1: Online sports betting goes live in Colorado, with the first legal bets placed.
2019, November: In a demonstration of direct democracy, Colorado voters approved House Bill 19-1327 (Proposition D.D.) to legalize sports betting.
2018: In a landmark moment for the nation, the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), allowing individual states to legalize sports betting.

Who Can Bet on Sports in Colorado?

State laws governing Colorado sports betting demand bettors must be 18 or older to participate in lotteries and 21 to engage in sports betting and casino games. Sports bettors need to be physically within Colorado state borders to place bets. Users of fiat currencies must complete the mandatory registration and KYC processes to join betting sites. Sports betting apps are legal, offering seamless and convenient betting experiences away from home.

Are Sportsbook Winnings in Colorado Taxable?

In Colorado, all winnings derived from betting on sports are subject to both CO state and US federal taxation. The US Internal Revenue Service (IRS) and Colorado Department of Revenue deem all winnings from any form of gambling as taxable income. Sports bettors must report all winnings on their individual annual tax returns using Form W-2G for amounts over certain thresholds. Colorado imposes a flat state income tax rate of 4.40% on all gambling winnings.

Pros & Cons of Betting on Sports in Colorado

Online sports betting in CO presents a world of opportunities and challenges. CO betting sites are thrilling for many and have significant potential benefits, but there are some risks for bettors.

Can Colorado Bettors Wager on Offshore Betting Sites?

Yes, Colorado sports betting fans can legally bet online at offshore sportsbooks because there is no law explicitly prohibiting them from joining offshore sportsbooks, which means it’s not illegal for Colorado online sports betting fans to access these sites. However, it is equally important to know that Colorado state doesn’t regulate or offer consumer protection to members of these platforms.

A key factor in maintaining a safe environment when using offshore bookmakers is to only partner with bookmakers holding a valid operator’s license from a reputable international licensing authority. Regular audits by specialized independent auditors enable international licensing authorities to ensure offshore sportsbooks maintain strict operational standards similar to those at regulated CO sports betting venues.

The Best Colorado Online Sports Betting Sites in 2024

Discover the best Colorado betting sites for 2024 with our comprehensive list of Colorado sportsbooks, ensuring you have access to top-tier betting options and unbeatable promotions.

1. BetOnline – No.1 overall best sportsbook in Colorado for its mix of sports
2. BetWhale – Colorado’s top sportsbook for live betting & streaming
3. BetNow – Impressive US sports market focus + dedicated racebook
4. Everygame – Extensive betting markets covering US major leagues
5. MyBookie – Highly competitive odds for Colorado bettors
6. CoinPoker – Top privacy-focused new sportsbook in Colorado
7. BetUS – Best sports welcome packages for Coloradans
8. Sportsbetting.ag – Extensive global sports market coverage
9. Xbet – Tops for mobile sports betting & comprehensive racebook
10. BUSR – Extensive sports markets & betting options for US horse racing
11. TG.Casino – Colorado’s most extensive sportsbook on Telegram

Top 5 CO Online Sportsbooks Reviewed

Below, we look at all the most important details of the top 5 CO online sports betting sites, offering detailed reviews, overview tables, breakdowns of the bonuses, and each one’s pros & cons. Bet on us, as we explore the best sports gambling in CO!

1. BetOnline – No.1 Overall Best Sportsbook In Colorado For Its Mix Of US & International Sports

For Colorado sports betting fans, BetOnline stands out as the premier choice. For over two decades, it worked on building a solid reputation for trustworthiness and safety as well as offering impressive odds. Its extensive coverage of US sports markets allows you to bet on any NBA, NFL, NHL, and MLB game, including Denver Broncos and Colorado Rockies games.

Indeed, with over 30 international sports markets, BetOnline’s wide selection of standard and special bet options delivers a comprehensive betting experience. BetOnline excels with its blend of US and international sports, catering to diverse preferences. While it may not offer live streaming services, it compensates with an impressive selection of live markets and early cash-out betting options.

BetOnline remains unparalleled for mobile sports betting, offering a user-friendly interface optimized for mobile browsers. The bookmaker provides fast payouts and competitive odds, making it an excellent choice for both novice and experienced sports bettors in Colorado. VPN connections are welcome because BetOnline prioritizes your betting experience.

BetOnline sports bonus:

2. BetWhale – Colorado’s Top Sportsbook for Live Betting & Streaming

Rated as one of our top Colorado betting sites and online casinos, BetWhale covers a wide variety of popular US major league sports markets for local fans, including betting on college football and basketball. Whether you’re a fan of the Denver Nuggets or Broncos, BetWhale has the odds and markets you need.

Known for its excellent live betting options, the sportsbook provides comprehensive coverage of in-play games, allowing you to place bets in real-time. BetWhale’s HD video streaming service gives live bettors the advantage of following major sports events in real-time. In addition, the bookmaker delivers a full range of standard and niche betting options, including player props, team totals, and many specials at competitive odds. Early cashout options appear mid-game, covering nearly all major live events.

BetWhale’s mobile portal is optimized for easy navigation, ensuring you can place bets on the go. For the best Colorado gambling betting experience, its combination of live betting, streaming, and a user-friendly interface via VPN will meet all your needs.

BetWhale sports bonus:

3. BetNow – Impressive Colorado Sports Betting Market Focus + Dedicated Racebook

BetNow emerged as one of our most highly rated Colorado sports betting sites due to its extensive coverage of US sports. With a strong focus on covering local favorites such as the Colorado Avalanche and Colorado Rapids, BetNow ensures fans can engage with their home teams throughout the season.

Offering the best odds early, BetNow allows you to maximize your profits. Moreover, detailed pre-match data for all teams and players keep sports bettors well informed. For live betting enthusiasts, there is a plethora of in-play betting options, and its full range of early cash-out features will appear mid-match across all major events.

BetNow also boasts a dedicated racebook covering most local and major international events for horse racing fans, making it a versatile choice for Colorado’s bettors. The VPN-friendly bookmaker offers Coloradans a wide variety of generous betting promos, including reup bonuses, a weekly NBA contest, a Thanksgiving Giveaway contest, Vig Free November, an NFL King of the Hill contest, a $ 1 million Bracket Madness, and a Grand Slam contest.

BetNow sports bonus:

4. Everygame – Extensive Betting Markets Covering US Major Leagues

Everygame established itself as a leading contender in the CO online casino and sports betting landscape, particularly for its extensive betting options and early lines on US sports markets. Catering to fans of the Denver Nuggets, Colorado Rockies, and Avalanche, Everygame provides comprehensive betting options to ensure local Colorado sports bettors are well-served.

The sportsbook offers detailed pre-match data, enhancing the betting experience for novice and seasoned bettors alike. Everygame also features a dedicated racebook, making it a versatile option for those interested in local and international horse racing.

The site is user-friendly and welcomes VPN connections, ensuring bettors place their wagers securely and in privacy. Bettors looking for a robust and reliable CO online sports gambling site must seriously consider claiming a few generous promotional offers. Everygame promos include Crypto bonuses, a $5k Hoops Chase, postseason free bets, 4 x NFL free bets, a weekly NFL pool, win a trip to Suoer Bowl LIX, a $5k UEFA challenge, a $1k monthly live legend, $500 odds hunter present, 20 x $50 parlay free bets, $1k monthly parlay prince, and a real money refer a friend bonus.

Everygame sports bonus:

5. MyBookie – Highly Competitive Odds for Colorado Bettors

MyBookie is another top choice for sports betting in CO, offering a wide range of markets for fans of local teams like the Broncos, Colorado Rapids, and Denver Nuggets. Fans wanting to bet on sports like the NFL, NBA, MLB, and NHL will find the markets they like best.

The sportsbook impresses with its extensive coverage of US major league sports across the entire season, its highly competitive odds, and an extensive number of sports wager options, including standards like player props and futures, with many made even better by regular bet boosts. Colorado sports bettors will appreciate the early cash-out feature, which provides excitement mid-game. Before each match, MyBookie publishes detailed stats on teams and players, helping you make informed betting decisions.

Generous ongoing MyBookie promotions, such as a 50% sports reload, an 8% horse rebate, and a 200% referral bonus, keep the betting experience thrilling and budget-friendly. The platform is user-friendly, optimized for mobile access, and supports VPN connections, making it accessible for all bettors.

MyBookie sports bonus:

Comparing the Best CO Sports Betting Sites

Our table below details the top-rated Colorado betting sites included in this comprehensive comparison. Our curated list of Colorado sportsbooks provides insights into the best bonus options for a seamless and thrilling betting experience.

How We Rank the Best CO Sports Betting Sites

Our process in how we rank gambling sites is based on thorough evaluations of multiple critical factors, ensuring you enjoy a safe and enjoyable betting experience.

• Safety: Ensuring user data and funds are secure is paramount. We only recommend the safest betting sites that employ robust security measures, including SSL encryption and regulatory compliance.
• Deposit & Payout Methods: A variety of convenient deposit and withdrawal options are essential. The best Colorado betting sites offer multiple payment methods for swift, reliable transactions, including credit cards, e-wallets, and cryptocurrencies.
• Bonuses & Promotions: Attractive bonuses and promotions enhance the betting experience. We evaluate the generosity, fairness, and terms of these offers to ensure you get the best value from betting in Colorado.
• Range of Sports: A diverse selection of sports markets is crucial for a comprehensive betting experience. Top-rated sites cover a wide array of sports, from popular leagues to niche events, catering to all interests.
• Depth of Markets: Beyond just offering various sports, the depth of markets available is vital. Our selected sites provide extensive betting options, including player props, futures, and specials, as well as a robust live betting product, giving Colorado sports bettors more ways to engage.
• Quality of Sports Betting Odds: Competitive odds are a cornerstone of profitable betting. Our recommended CO sportsbooks consistently offer favorable odds, maximizing potential returns for bettors.
• Mobile Interface: Many Colorado sports fans use smartphones, making a seamless mobile interface essential. We prioritize sites that offer intuitive and responsive mobile platforms, ensuring a smooth betting experience on the go.
• Customer Service: Responsive and helpful customer service is critical for resolving all issues. The best CO sports betting sites provide excellent support through various channels, including live chat, email, and phone, ensuring assistance is always available.

Types of Bonuses at CO Online Sportsbooks

We explore the diverse range of bonuses available at CO online sportsbooks to enhance your CO sports betting experience with exciting rewards and promotions.

• Deposit Match Bonuses: CO betting sites often offer deposit match bonuses, where your initial deposit is matched up to a certain percentage, increasing your betting power significantly.
• Reload Bonuses: Reload bonuses keep the excitement going by rewarding you for subsequent deposits after your initial one, ensuring continuous fun and engagement in your betting in Colorado.
• Cashbacks: Cashback offers provide a safety net by returning a percentage of your losses, minimizing your risk, and making your CO betting experience more enjoyable.
• Weekly Cash Bonuses: Weekly cash bonuses give bettors regular boosts, rewarding consistent play and helping to maintain a steady flow of funds in your betting account.
• Price Boosts: Price boosts enhance the odds on specific events, allowing you to win more on your favorite bets and making CO sports betting even more thrilling.
• Risk-Free Bets: Risk-free bets allow you to place a sports wager without the worry of losing your stake, as the sportsbook covers your bet if it doesn’t win, which is ideal for new bettors.
• Free Bets: Free bets provide an excellent way to explore different betting options without using your own money, offering a risk-free introduction to the world of CO online sports betting.
• Referral Bonuses: Referral bonuses reward you for bringing new players to the platform, offering extra funds or free bets when your friends sign up and start betting.
• Loyalty/VIP Programs: Loyalty and VIP programs recognize and reward regular players with exclusive benefits, such as higher bonuses, faster withdrawals, and personalized customer services.

Best Colorado Online Sportsbooks Bonuses Comparison

The table below provides a comparative overview of all the welcoming packages at our top-rated CO betting sites, helping you navigate the best bonuses and offers for sports betting in CO.

Popular Payment Methods at Colorado Online Sportsbooks

Below, we highlight and briefly discuss the most pertinent aspects of the diverse payment methods available at CO online sports betting websites, making it easy to fund your accounts and withdraw winnings.

Cryptocurrencies

Cryptocurrencies are the most secure and private option for funding your online gaming in CO. Crypto betting allows fast transactions with low fees, ensuring a seamless betting experience at CO sports betting websites.

Credit/Debit Cards

Credit and debit cards are widely accepted at CO sports betting sites and offer a highly familiar, convenient payment method. Card transactions are usually instant, allowing you to start betting quickly.

Bank Transfers

As one of the oldest electronic methods, Bank transfers are a secure, reliable option if you prefer traditional payment methods. While they may take longer to process, they are popular when moving larger sums of money.

eWallets

eWallets have become popular for their speed, ease of use, and wide acceptance. They allow quick deposits and withdrawals at CO online gambling sites, often with minimal fees, enhancing the convenience for bettors.

How to Get Started with a CO Sports Betting Site

We use the No.1 betting brand in Colorado as our example to help you sign up and join an online sportsbook for the first time. Below is a step-by-step trail of what you must do to become a member.

1. Visit BetOnline

Connect your desktop or smartphone via VPN and navigate to BetOnline.

2. Create Your Account

Click on “Join” at the right top of the page. Enter and submit your details by completing the blank data fields. When you’re done, select “Create Account” at the bottom of your application.

3. Verify Your Identity

Select BetOnline’s confirmation link, sent via their automated email, to verify the validity of your new betting site account and email address.

4. Choose Your Payment Method

In the cashier section, select the most convenient deposit method.

5. Make Your First Deposit

Enter or choose your preferred amount to deposit, confirm by clicking on “Continue Deposit” to finalize your deposit.

6. Place Your First Wager

Once your account is confirmed, log in, find your sports or event, and start your betting journey.

Most Popular Sports to Bet on in Colorado

Discover the best Colorado sports betting has to offer as we look at the most popular sports to bet on. We highlight local teams in the major leagues to instantly provide you with thrilling opportunities after you’ve joined one of the best Colorado betting sites.

• NFL (Denver Broncos): Operating from Empower Field at Mile High, after eight appearances, they boast three Super Bowl victories in XXXII, XXXIII, and 50. The team galvanizes fans with intense football action, providing numerous betting opportunities throughout each NFL season.
• NHL (Colorado Avalanche): Based at the Ball Arena, capturing three Stanly Cups behind their name since relocating to Denver in 1995, the team regularly produces high-level hockey action.
• MLB (Colorado Rockies): After five appearances in the post-season playoffs, topped by a single loss to the Red Sox and failing to take the World Series trophy to Colorado. The team successfully captured the National League West Division title twice. The Rockies call Coors Field home, hosting thrilling baseball games that attract significant attention from MLB bettors each season.
• NBA (Denver Nuggets): The team plays from the Ball Arena, drawing basketball enthusiasts who enjoy betting on NBA games and supporting their team through highs and lows.
• NCAA: Colorado college sports teams, particularly football and basketball, are hugely popular, with teams like the Colorado Buffaloes providing exciting betting opportunities throughout the college sports season.
• MLS (Colorado Rapids): Based at Dick’s Sporting Goods Park, the team boasts one MLS Cup trophy with a runner-up spot in the US Open Cup and several appearances in the playoffs.

Discover Our Top Sportsbooks Picks for Your Preferred Sports

Popular Type of Bets at CO Online Sportsbooks

Discover the thrill of sports betting with various options available at Colorado sportsbooks. From simple wagers to complex combinations, there’s something for everyone to enjoy.

• Moneyline: Moneyline betting is straightforward; you simply pick the team or player you believe will win. The odds indicate the payout for each side.
• Spread Betting: Spread betting involves predicting whether a team will win or lose by a specific margin. The favorite must win by more than the point spread, while the underdog can lose within the spread or win outright.
• Parlays: Parlay bets combine multiple wagers into a single bet. All selections must oblige for the parlay to produce sports betting winnings. The more bets included in the parlay, the higher the potential payout, but the risk increases too.
• Over/Under: Over/Under bets, also known as totals, involve predicting whether the total combined score of both teams will be over or under a specified number set by the sportsbook.
• Prop Bets: Proposition bets, or prop bets, are wagers on specific events within a game that don’t directly affect the final outcome.
• Live Bets: Live betting, or in-play betting, allows you to place wagers on a game while it’s in progress. Odds update in real-time, reflecting the current state of the game.
• Prohibited Bets: Prohibited bets refer to types of wagers not allowed by state regulations or sportsbook policies that are considered too easily manipulated or unethical. For instance, Colorado prohibits prop betting on individual college players, but betting on college teams is permissible.
• Special Bets: Special bets, also known as exotic bets, encompass a variety of unique and unconventional wagers. These can include futures bets, predicting season-long outcomes, or novelty bets on offbeat occurrences within the sports world.

Betting Apps & Mobile Sites for Sports Betting In Colorado

The top mobile options for sports betting in Colorado are designed to provide you with convenient, exciting ways to place your bets. Offshore bookmakers meet the demand for sports betting apps by offering websites specifically optimized to deliver a superb betting experience on popular mobile browsers.

This ensures that Colorado online sportsbook enthusiasts can access their favorite platforms seamlessly from their mobile devices. This caters to the growing preference for mobile betting, making them appealing alternatives to desktop and local options at some of the best sportsbooks in Colorado.

Retail Sports Betting Locations in Colorado

The table below details the largest retail sports betting venues in Colorado as an alternative to betting at the best online sportsbooks in Colorado. Compare traveling to retail sportsbooks in Colorado to the convenient instant accessibility of CO sportsbooks.

Other Betting and Gambling Options in Colorado

The current demand for online entertainment is unmatched and growing. In addition to Colorado online sportsbooks, the state offers a variety of alternative gambling options. We briefly mention the available options.

• Retail Casinos: Well-known locations include Ameristar Casino Black Hawk, Monarch Casino Resort Spa, and Lady Luck Casino Black Hawk, offering slot machines, table games, and poker rooms.
• Online Casinos: Numerous offshore casino sites allow players to access a massive variety of games and entertainment options.
• Poker Rooms: Enjoy regular tournaments and cash games at popular Colorado casinos like Golden Nugget Cripple Creek.
• Bingo Halls: Bingo enthusiasts can visit busy venues like Bingo World in Pueblo.
• Horse Racing: Arapahoe Park hosts thrilling horse racing events and pari-mutuel wagering.
• Fantasy Sports: Platforms like DraftKings and FanDuel offer a range of daily fantasy sports contests.

Online Sports Betting in Nearby States to Colorado

Explore the diverse sports betting options available in states near Colorado. Each state offers unique betting experiences, complementing the best legal sportsbooks in Colorado.

South Dakota Betting: Voters made sports betting legal in 2023, but only for retail locations in Deadwood and tribal casinos. Although not specifically prohibited, online sports betting is allowed by federal law but remains a grey area.
Nebraska Betting: The state legalized sports betting in 2021, but similar to South Dakota, it limits gambling to retail locations. Residents enjoy online and mobile betting at offshore sportsbooks.
Nevada Betting: Dating back to 1949, Nevada has a lengthy history of legalized sports betting. Both online and retail sportsbooks are legal, but registration for online accounts must be in person at a land-based casino.

Responsible Gambling in Colorado

Promoting responsible gambling is a priority for the state of Colorado to ensure that bettors enjoy their experience safely and sustainably. Several organizations are dedicated to providing support and resources for responsible gambling in the state. If you feel you have a gambling problem or know someone who may have an issue, please refer to any of the organizations below for assistance and support to help manage and reduce gambling-related harm.

Colorado Limited Gaming Control Commission: Oversees all legal gambling activities.
Colorado Problem Gambling Coalition: The body offers resources and support for individuals struggling with gambling addiction.

Conclusion: Best Colorado Sportsbook

BetOnline is our top choice for Colorado sports betting fun. It offers a comprehensive list of sports markets with competitive odds and an extensive range of betting options. That, together with BetOnline’s reputation for fast payouts and excellent customer service, offers a superior betting experience. Covering over 30 live sports ensures bettors have numerous options for live betting with early cash-out features. BetOnline is our preferred option for bettors seeking the best in Colorado sports betting.

Colorado Sports Betting FAQ

Is sports betting legal in Colorado?

Yes, on 01 May 2020, sports betting was legalized in Colorado.

Is sports betting online legal in Colorado?

Yes, on 01 May 2020, online betting became legal in Colorado.

Are offshore betting sites legal in CO?

Yes, it is legal to bet at offshore betting sites in Colorado. Although not legalized, no law forbids residents from betting at offshore sportsbooks.

What are the best Colorado sportsbooks?

We rate BetOnline as the top sportsbook in Colorado. However, any of the top ten sportsbooks in this review will cater more than adequately to your betting needs.

Is it safe to bet on sports online in CO?

Yes, betting on sports online in CO at internationally licensed sportsbooks is as safe as modern technology can make it.

Can I use a VPN for sports betting in Colorado?

Yes, all our reviewed top sportsbooks welcome bettors joining via VPN connections.